KUM COTAILER FOR RETAILERS
KUM Co-tailer is a retail system designed to empower small retailers in the retail sector with the advantages of the retail giants. KUM Cotailer will give every retailer the same stock counts and discounts. Cotailers will link Itinerant-Retailers to be formalised and prosper together, they will use the same store management system that will manage their daily operations 24/7 using the KUM platform.
Itinerant Retailers
Summary Itinerant retailers are retailers who do not have a fixed place of business. They are cheap and mostly cater to the low-income group. They can be street hawkers, cheap jacks etc. Fixed-shop retailers are retailers usually found in our neighbourhood. The benefit of fixed-shop retailers is that they provide credit to regular consumers. They mainly consist of general stores, second-hand shops, etc.
What are Itinerant Retailers?
Itinerant retailers are retailers who do not have a fixed place of business. They keep on moving with their goods and services in search of customers. Some examples of itinerant retailers are street hawkers, pavement vendors, etc.
They are the oldest forms of retailers in the market. They are petty or small traders who carry products on a bicycle, a hand cart, or on their heads. They usually deal in non-standardized, low-valued products and are found mostly in busy places like streets, buses, exhibitions, outside schools, etc. This is the most convenient form of retailing as they are available at the customer's doorstep. The only disadvantage is that the quality of the products is not reliable and has no fixed price. For example - Ice cream sellers outside schools, vegetable and fruit sellers in a colony, etc.
KUM Cotailer will provide itinerant retailers with quality and reliable products with fixed prices, we will change the public perception itinerant retailers. customers buying from them will receive receipt with full details of the itinerant retailer. Join a KUM Colony, and lets formalise all the retail sectors together.
Advantages and disadvantages of Large-scale retailing
Advantages of Large – scale retailing to the Retailer to the customers
1. Buying in bulk
Buying in bulk direct from the manufacturer would give the large retailer better discounts therefore a lower cost of goods. Now with KUM Colony Cotailer spaza shops and community-based retailers can now sell their goods in the price range of the large retailers. This will bring better savings to the community members.
2. Employment of specialist buyers and other specialist staff
It employs specialist buyers and other specialized staff hence goods of better quality will be purchased at reasonable price. This is what the small retailer can’t afford, with KUM Cotailer, every retailer can enjoy the same benefits. - This is due the experience and knowledge of the market conditions by the experts, the KILOBU Unified Marketplace will have all the system in place to achieve these for the benefit of all KUM Cotailers.
3. Goods manufactured according special requirement
The use of an exclusive brand or of own factory Some large retailers are able to have goods manufactured according to their own special requirements, design like “St. Michael” for Mark and Spencer. With KUM Cotailer, small retailers can now have goods manufactured according to their specifications, because they can meet the order quantity required.
If, you’re thinking about opening up a retail store as a KUM Colony? In today’s digital age with KILOBU Unified Marketplace eCommerce deliveries, your friends and family may think you’re crazy; but we see genius in you. this is the right time.
Traditional retail isn’t dying, it’s changing. While economic changes might have shifted our spending patterns and shopping behaviors, some retail stores are actually growing, despite trends and articles that may suggest otherwise with the digital age.
Selecting the right business structure, writing a detailed plan and picking powerful tools that work together is more important than ever to set your business up for success. KUM will help you do all of those things and more, so that your business can thrive in an ever-changing retail environment.
TO START OR JOIN A KUM COLONY - CLICK HERE